Entropy Technologies LP Buys Shares of 3,330 Green Brick Partners, Inc. (NASDAQ:GRBK)

Entropy Technologies LP purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,330 shares of the financial services provider’s stock, valued at approximately $278,000.

Other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC boosted its position in Green Brick Partners by 7.4% during the first quarter. ProShare Advisors LLC now owns 5,245 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 363 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Green Brick Partners by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after buying an additional 307,304 shares during the period. UniSuper Management Pty Ltd acquired a new position in Green Brick Partners in the 1st quarter valued at $406,000. CANADA LIFE ASSURANCE Co raised its holdings in Green Brick Partners by 5.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 29,309 shares of the financial services provider’s stock worth $1,765,000 after acquiring an additional 1,402 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Green Brick Partners during the 1st quarter worth $377,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $69.45 on Friday. The firm’s 50-day moving average is $77.13 and its 200-day moving average is $68.16. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 9.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a 52-week low of $46.61 and a 52-week high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. During the same period last year, the company earned $1.56 EPS. The company’s revenue was up 25.0% on a year-over-year basis. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GRBK. B. Riley raised their price target on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th.

Green Brick Partners Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.